Swiss govt out with a few comments after meeting SNB head Jordan 15 Nov

  • SNB chair Jordan says neg rates and fx interventions still appropriate
  • imbalances in real estate and mortgage market remain

Zzzzzzzzzzzzzzzzz but a timely reminder given the risk-off sentiment and some CHF demand currently prevailing.

USDCHF 0.9861 just off session lows with EURCHF 1.1676 being held up by the general EUR demand

Mr Manipulator not changing his tune